Petroleum Development Oman (PDO) plans to invest more than $10 billion in three key hydrocarbon projects, a report said.
The three ventures include the Rabab Harweel Integrated Project (RHIP), the Yibal Khuff integrated oil and ga

Qatar’s growth could accelerate from 4 percent in 2014 to above 4.5 percent this year and next, supported by a large public infrastructure program and opening of a new natural gas field, said Christine Lagarde, IMF managing director.

The value of Qatar's hydrocarbon exports were down by 40.5 per cent to QR15.6 billion ($4.279 billion) in July this year, compared to the same month last year, a report said.
Qatar’s trade balance achieved a surplus of Q

The value of Qatar's hydrocarbon exports were down by 40.5 per cent to QR15.6 billion ($4.279 billion) in July this year, compared to the same month last year, a report said.
Qatar’s trade balance achieved a surplus of Q

Given the availability of solar power at four cents/kWh, a price with which crude oil could only compete if offered below $7/barrel, the ‘carbon bubble’ is expected to burst, family office Wermuth Asset Management has warned.

Oman Oil Company Exploration and Production (OOCEP) has reported continued progress in exploring the hydrocarbon potential of its Block 60 concession in central Oman, a report said.
Block 60, a roughly 1,580-sq km concession is ho

Qatar’s real GDP growth will accelerate to 7 per cent in 2015, 7.5 per cent in 2016 and 7.9 per cent in 2017 as the government continues investing heavily in the non-hydrocarbon sector despite lower oil prices, a report said.

The Bank of America (BofA) Merrill Lynch has revised real GDP growth in Saudi Arabia for 2015 down to 1.7 per cent, from 3 per cent, forecasting a real non-hydrocarbon GDP growth of 3.0 per cent.
In comparison, real GDP growth and

Falling oil prices – driven by weaker demand, increased supply and a more powerful US dollar – will pose significant challenges to GCC markets, which have a substantial dependency on commodity exports, said a new report.

Falling oil prices – driven by weaker demand, increased supply and a more powerful US dollar – will pose significant challenges to GCC markets, which have a substantial dependency on commodity exports, said a new report.